PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — 192Nd St. Hotel Partners LP, Seatac, WA

ALERT: There are 2 PPP loans for a total of $600,017 in our database for businesses with the name "192Nd St. Hotel Partners LP" in Seatac, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for 192Nd St. Hotel Partners LP

FRANCHISE

WA

192Nd St. Hotel Partners LP

Entity: Partnership

Industry: Hotels (except Casino Hotels) and Motels

Franchise: Country Inn & Suites by Radisson

Location: Seatac, WA

Search All PPP Data

192Nd St. Hotel Partners LP is a partnership located at 3100 S 192nd St in Seatac, Washington that received a Coronavirus-related PPP loan from the SBA of $350,017.00 in March, 2021. This business is a Country Inn & Suites by Radisson franchise.

$ PPP Loan Information
Loan #6998648506

Loan Size:

$350,017

Jobs Retained:

41

Loan Approved:

2021-03-05

Loan Status:

Ongoing Loan

Lender:

East West Bank

192Nd St. Hotel Partners LP in Seatac, WA received a Paycheck Protection Loan of $350,017 through East West Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, 192Nd St. Hotel Partners LP's 2019 payroll expenses are estimated to be at least $1.68M.

Based on their reported 41 jobs retained, this equals an estimated average yearly compensation of $40,978 per employee1

Reported PPP Proceed Usage:

On the PPP application, 192Nd St. Hotel Partners LP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $350,012
  • Utilities: $1

Business Information - 192Nd St. Hotel Partners LP in Seatac, WA

192Nd St. Hotel Partners LP
3100 S 192nd St
Seatac, WA 98188

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-09

Similar Companies near Seatac

In the Seatac area, 55 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 41) and received an average PPP loan of $428,155 (compared to this company's $350,017).

Industry PPP Comparison Statistics

Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 23 employees, 44% lower than 192Nd St. Hotel Partners LP's reported 41 employees, and received an average PPP loan of $169,748, 52% lower than this company's loan of $350,017.

SBA PPP loan data, payroll data, and salaries for 192Nd St. Hotel Partners, LP

FRANCHISE

WA

192Nd St. Hotel Partners, LP

Entity: Partnership

Industry: Hotels (except Casino Hotels) and Motels

Franchise: Country Inn & Suites by Radisson

Location: Seatac, WA

Search All PPP Data

192Nd St. Hotel Partners, LP is a partnership located at 3100 S 192nd St in Seatac, Washington that received a Coronavirus-related PPP loan from the SBA of $250,000.00 in April, 2020. This business is a Country Inn & Suites by Radisson franchise.

$ PPP Loan Information
Loan #2448637101

Loan Size:

$250,000

Jobs Retained:

41

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

East West Bank

192Nd St. Hotel Partners, LP in Seatac, WA received a Paycheck Protection Loan of $250,000 through East West Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, 192Nd St. Hotel Partners, LP's 2019 payroll expenses are estimated to be at least $1.2M.

Based on their reported 41 jobs retained, this equals an estimated average yearly compensation of $29,268 per employee1

Reported PPP Proceed Usage:

On the PPP application, 192Nd St. Hotel Partners, LP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $250,000

Business Information - 192Nd St. Hotel Partners, LP in Seatac, WA

192Nd St. Hotel Partners, LP
3100 S 192nd St
Seatac, WA 98188

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-09

Similar Companies near Seatac

In the Seatac area, 55 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 41) and received an average PPP loan of $428,155 (compared to this company's $250,000).

Industry PPP Comparison Statistics

Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 23 employees, 44% lower than 192Nd St. Hotel Partners, LP's reported 41 employees, and received an average PPP loan of $169,748, 32% lower than this company's loan of $250,000.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/192nd-st-hotel-partners-lp-seatac-wa